To link to the entire object, paste this link in email, IM or documentTo embed the entire object, paste this HTML in websiteTo link to this page, paste this link in email, IM or documentTo embed this page, paste this HTML in website

w ww, (lii i ly trojan, com
Economist speaks on fixing Social Security
National
suspends
USC's
PiKapp
Sixty-day suspension comes after an unspecified violation of fraternity rules.
By STEVEN CHEN
Stiff Writer
The national organization of Pi Kappa Phi fraternity suspended its USC chapter for 60 days following a violation of tlie fraternity's rules and procedures.
The suspension took effect March 29 and an ongoing investigation into the violation will determine what further actions are taken, said Mark Timmes, the chief executive officer of Pi Kappa Phi fraternity.
Timmes said the suspension does not suggest that any allegations are
true.
The national headquarters is currently in the first phase of an investigation and the suspension is op an interim basis.
"We received a report about some conduct that allowed us to conduct an interim suspension,” Timmes said.
Both the national and USC chapters declined to comment about tlie specific allegations or rules that were broken.
But Ryan Beaupre, president of the USC chapter of Pi Kappa Phi said that the incident did not involve a criminal investigation. Beaupre said he could not comment because there was a possible lawsuit.
Beaupre said that it is standard procedure for the national chapter to suspend a fraternity during an internal investigation into a violation. If tlie investigation finds no wrongdoing, the 60-day suspension can be lifted before the full term.
Members of the USC Interfraternity Council were aware of the situation, but said that the matter was between the national* and USC chapter of the fraternity.
“It’s something we have no control over," said Matt Hughes, the vice president of public relations for IFC.
percent consumption.
If the system remains unchanged, Social Security will be bankrupt in the year 2042, he said.
Prescott suggested the implementation of a mandatory personal savings
Songfest raises $14,000 for camp.
Vol. CXI. VI, No. 49
Four robberies hit in one night
Robberies come one week after there were three over the course of four days.
By STEVEN CHEN and KRISTIN MAYER
Staff Wrlteri
Four robberies were reported on late Friday night and early Saturday morning resulting in the arrest of three suspects, who police believe are responsible for at least two of the incidents.
Three alleged victims from two of
the robberies described the suspects as three Hispanic males who were driving around the USC area in a white 19905-era Honda early Saturday morning.
“It appears to be that they were driving around and looking fior individuals to rob," said l.t. Gloria Graham, head of the Department of Public Safety Crime Prevention Unit.
“They took property from all the victims — wallets and cell phones," Graham said.
The description was broadcast to l.os Angeles Police Department and DPS units, and a LAPD patrol car saw a car matching the description and
stopped it. The three suspects in the car were arrested.
The alleged victims were able to positively identify the three suspects, In a third incident with a similar description, a male student was walking on West 29th Street at 2:15 a.m. Saturday when he asked three Hispanic people in a white Honda for a ride to 29th Street and Menlo Avenue.
"He had gotten in a car with some perfect strangers," Graham said.
When the student was dropped off at the location, one of the people in the car put a knife to his neck and demanded his wallet, cell phone
and watch. The student gave him his propetty, and the car left westbound toward Vermont Avenue.
The three suspects are described as Hispanic males about 19 to 22 years old with heights ranging from 5-foot-10 to 6 feet tall. The student described their vehicle as an early 1990s white four-door Honda with a blue interior.
Police have not confirmed whether the suspects in this case are the same people who were arrested. At press time, the alleged victim had not been taken by the LAPD to identify the suspects.
I see Robberies, page 13
Co-winner of Nobel Memorial Prize in Economic Sciences also spoke to students on labor supply elasticity.
By BRYCE ALAN PINKOS
Contributing Writer
The shared winner of the 2004 Nobel Memorial Prize in Economic Sciences spoke Friday on the need to revamp the U.S. Social Security system
by utilizing private accounts.
Edward C. Prescott spoke in front of about 200 Marshall School of Business students and faculty at the Town and Gown.
Prescott spoke as part of the Marshall Center for Investment Studies’ Distinguished Speaker Series, a series of seminars designed to expose USC students and faculty to some of the leaders of the business world.
The event was organized by Suh-Pyng Ku, director of the CIS. Ku, also a professor of clinical finance and business economics, introduced Prescott with some background on the Nobel Memorial Prize recipient
Prescott has been shaping economic research since 1970 and since 2003 as the W.P. Carey Chair of Economics at Arizona State University. He is also a senior monetary adviser at the Federal Reserve Bank of Minneapolis.
“(Prescott) has made countless contributions to the field of economics," Ku said.
Prescott’s speech focused on labor supply elasticity and its consequence on Social Security tax reform.
He outlined some of the major problems with today’s Social Security system, emphasizing the point that the tax creates a deadweight loss of 15
account for every worker in the United States, which would replace the need for a Social Security fund by directing a portion of the savings into an annuity, somewhat similar to a Roth IRA.
Prescott supported a laissez-faire approach to the problem, saying that the less the government handles retirement money, the less money is lost because of logistical spending or dead-
weight loss.
On the subject of managing debt Prescott said, ‘"I he federal government makes Enron look good.”
Prescott concluded his speech by emphasizing that there is “no reason to keep building liabilities" with the current Social Security system in place, arguing that the sooner a change is made, the better.
IUILI TPM
Student Newspaper of the University oj Southern California Since 1912
April 4, 2005
INSIDE
JoeJ Zink I Daily Trojan
How to fix it. Edward C. Prescott, who shared the 2004 Nobel Memorial Prize in Economic Sciences, speaks Friday about the need to privatize Social Security in order to save it from bankruptcy in the year 2042.
INDEX
'Anything Goes'features a strong supporting cast but weak lead players. 8
More 'First Look'film reviews.
News Digest........2 Lifestyle...-—— 7
Upcoming........... 2 Classifieds........12
Opinions............. 4 Sports-..............1®
WEATHER
Today: Sunny. High of 69, low of 51 Tomorrow: Sunny. High of 78, low of 56.
USC sports complies with Title IX
Athletic department offers equalityfor female athletes in accordance with federal law.
By NANCY RODRIGUEZ
Staff Writer
While some universities struggle with funding and resources for thyr women's sports teams, most female student athletes and coaches at USC think they are receiving adequate funding for their women's teams.
Under the Title IX anti-discrimination law, coaches and players of womens team can sue if they feel inadequately
funded. The 1972 law protects women's sports and funding in any educational program receiving federal funds and stipulates that women’s teams should receive the same funding opportunities as men's teams.
“I think that we are funded very welL I have no complaints here at USC. To be honest with you, I can't see anything that we don’t receive funding for at USC,” said James Millinder, women's soccer coach.
Millinder said that he can only speak for the soccer team, but he believes the team is provided with everything needed to be successful.
“We receive funding for equipment
travel expenses, general budgets and everything down to recruiting," he said.
The women's soccer team has appeared six times in the NCAA championship tournament and won the 1998 Pacific-10 Conference championship.
Richard Gallien, coach of the women's tennis team, also said his team is receiving adequate funding and resources.
"Sports administration helps a lot I get treated like a king,” he said. “My team is completely looked after and receive tons of support
“Speaking from an economical as well as attention viewpoint we get tons
I see Equality page IS i
Quick
Facts
Title IX took effect m 1972 in an effort to end discnmma tion between women s and men’s sports teams at educational programs that are federally funded.

w ww, (lii i ly trojan, com
Economist speaks on fixing Social Security
National
suspends
USC's
PiKapp
Sixty-day suspension comes after an unspecified violation of fraternity rules.
By STEVEN CHEN
Stiff Writer
The national organization of Pi Kappa Phi fraternity suspended its USC chapter for 60 days following a violation of tlie fraternity's rules and procedures.
The suspension took effect March 29 and an ongoing investigation into the violation will determine what further actions are taken, said Mark Timmes, the chief executive officer of Pi Kappa Phi fraternity.
Timmes said the suspension does not suggest that any allegations are
true.
The national headquarters is currently in the first phase of an investigation and the suspension is op an interim basis.
"We received a report about some conduct that allowed us to conduct an interim suspension,” Timmes said.
Both the national and USC chapters declined to comment about tlie specific allegations or rules that were broken.
But Ryan Beaupre, president of the USC chapter of Pi Kappa Phi said that the incident did not involve a criminal investigation. Beaupre said he could not comment because there was a possible lawsuit.
Beaupre said that it is standard procedure for the national chapter to suspend a fraternity during an internal investigation into a violation. If tlie investigation finds no wrongdoing, the 60-day suspension can be lifted before the full term.
Members of the USC Interfraternity Council were aware of the situation, but said that the matter was between the national* and USC chapter of the fraternity.
“It’s something we have no control over," said Matt Hughes, the vice president of public relations for IFC.
percent consumption.
If the system remains unchanged, Social Security will be bankrupt in the year 2042, he said.
Prescott suggested the implementation of a mandatory personal savings
Songfest raises $14,000 for camp.
Vol. CXI. VI, No. 49
Four robberies hit in one night
Robberies come one week after there were three over the course of four days.
By STEVEN CHEN and KRISTIN MAYER
Staff Wrlteri
Four robberies were reported on late Friday night and early Saturday morning resulting in the arrest of three suspects, who police believe are responsible for at least two of the incidents.
Three alleged victims from two of
the robberies described the suspects as three Hispanic males who were driving around the USC area in a white 19905-era Honda early Saturday morning.
“It appears to be that they were driving around and looking fior individuals to rob," said l.t. Gloria Graham, head of the Department of Public Safety Crime Prevention Unit.
“They took property from all the victims — wallets and cell phones," Graham said.
The description was broadcast to l.os Angeles Police Department and DPS units, and a LAPD patrol car saw a car matching the description and
stopped it. The three suspects in the car were arrested.
The alleged victims were able to positively identify the three suspects, In a third incident with a similar description, a male student was walking on West 29th Street at 2:15 a.m. Saturday when he asked three Hispanic people in a white Honda for a ride to 29th Street and Menlo Avenue.
"He had gotten in a car with some perfect strangers," Graham said.
When the student was dropped off at the location, one of the people in the car put a knife to his neck and demanded his wallet, cell phone
and watch. The student gave him his propetty, and the car left westbound toward Vermont Avenue.
The three suspects are described as Hispanic males about 19 to 22 years old with heights ranging from 5-foot-10 to 6 feet tall. The student described their vehicle as an early 1990s white four-door Honda with a blue interior.
Police have not confirmed whether the suspects in this case are the same people who were arrested. At press time, the alleged victim had not been taken by the LAPD to identify the suspects.
I see Robberies, page 13
Co-winner of Nobel Memorial Prize in Economic Sciences also spoke to students on labor supply elasticity.
By BRYCE ALAN PINKOS
Contributing Writer
The shared winner of the 2004 Nobel Memorial Prize in Economic Sciences spoke Friday on the need to revamp the U.S. Social Security system
by utilizing private accounts.
Edward C. Prescott spoke in front of about 200 Marshall School of Business students and faculty at the Town and Gown.
Prescott spoke as part of the Marshall Center for Investment Studies’ Distinguished Speaker Series, a series of seminars designed to expose USC students and faculty to some of the leaders of the business world.
The event was organized by Suh-Pyng Ku, director of the CIS. Ku, also a professor of clinical finance and business economics, introduced Prescott with some background on the Nobel Memorial Prize recipient
Prescott has been shaping economic research since 1970 and since 2003 as the W.P. Carey Chair of Economics at Arizona State University. He is also a senior monetary adviser at the Federal Reserve Bank of Minneapolis.
“(Prescott) has made countless contributions to the field of economics," Ku said.
Prescott’s speech focused on labor supply elasticity and its consequence on Social Security tax reform.
He outlined some of the major problems with today’s Social Security system, emphasizing the point that the tax creates a deadweight loss of 15
account for every worker in the United States, which would replace the need for a Social Security fund by directing a portion of the savings into an annuity, somewhat similar to a Roth IRA.
Prescott supported a laissez-faire approach to the problem, saying that the less the government handles retirement money, the less money is lost because of logistical spending or dead-
weight loss.
On the subject of managing debt Prescott said, ‘"I he federal government makes Enron look good.”
Prescott concluded his speech by emphasizing that there is “no reason to keep building liabilities" with the current Social Security system in place, arguing that the sooner a change is made, the better.
IUILI TPM
Student Newspaper of the University oj Southern California Since 1912
April 4, 2005
INSIDE
JoeJ Zink I Daily Trojan
How to fix it. Edward C. Prescott, who shared the 2004 Nobel Memorial Prize in Economic Sciences, speaks Friday about the need to privatize Social Security in order to save it from bankruptcy in the year 2042.
INDEX
'Anything Goes'features a strong supporting cast but weak lead players. 8
More 'First Look'film reviews.
News Digest........2 Lifestyle...-—— 7
Upcoming........... 2 Classifieds........12
Opinions............. 4 Sports-..............1®
WEATHER
Today: Sunny. High of 69, low of 51 Tomorrow: Sunny. High of 78, low of 56.
USC sports complies with Title IX
Athletic department offers equalityfor female athletes in accordance with federal law.
By NANCY RODRIGUEZ
Staff Writer
While some universities struggle with funding and resources for thyr women's sports teams, most female student athletes and coaches at USC think they are receiving adequate funding for their women's teams.
Under the Title IX anti-discrimination law, coaches and players of womens team can sue if they feel inadequately
funded. The 1972 law protects women's sports and funding in any educational program receiving federal funds and stipulates that women’s teams should receive the same funding opportunities as men's teams.
“I think that we are funded very welL I have no complaints here at USC. To be honest with you, I can't see anything that we don’t receive funding for at USC,” said James Millinder, women's soccer coach.
Millinder said that he can only speak for the soccer team, but he believes the team is provided with everything needed to be successful.
“We receive funding for equipment
travel expenses, general budgets and everything down to recruiting," he said.
The women's soccer team has appeared six times in the NCAA championship tournament and won the 1998 Pacific-10 Conference championship.
Richard Gallien, coach of the women's tennis team, also said his team is receiving adequate funding and resources.
"Sports administration helps a lot I get treated like a king,” he said. “My team is completely looked after and receive tons of support
“Speaking from an economical as well as attention viewpoint we get tons
I see Equality page IS i
Quick
Facts
Title IX took effect m 1972 in an effort to end discnmma tion between women s and men’s sports teams at educational programs that are federally funded.